CNBC's LeBeau: Chrysler To Focus On Product Development After Sale

After its sale to Cerberus Capital Management, Chrysler will focus more aggressively on product development and pursuing joint ventures and partnerships with automakers overseas, reports CNBC's Phil LeBeau.

"That's what Chrysler needs to do," said LeBeau, reporting from the automaker's headquarters in Auburn Hills, Mich. "This is predominately an North American automaker and when you're leaning almost exclusively on the truck and SUV market in North America, you're at the mercy of that market, which has been under pressure over the last year."